Himachal government is preparing to take loan again. Before the JCC meeting of the employees, the Himachal government will take a loan of Rs 2000 crore. The Finance Department of Himachal Pradesh has issued four separate notifications in this regard on Thursday. Each notification of Rs 500 crore talks about taking loans for different tenures. This loan is being taken for different tenures of 9, 10, 11 and 12 years. The government has given the rationale behind taking this loan for development work. In this regard, the Himachal government will pledge its securities with the Reserve Bank. The state government already has a debt of more than 61 thousand crores. Now this debt will cross Rs 63000 crores. The Himachal government is under pressure to pay salaries to the employees on the lines of the new pay scales issued by the Sixth Pay Commission of Punjab. There is an obligation on the state government to give the new pay scale just before the election year. Due to the weak financial resources of the state, the government has no other option but to take loans. It is believed that the fresh loan is being taken to spend on the new salary, dearness allowance and other items being given to the government employees. It is special that the JCC meeting of the employees is proposed on November 27. In this, many decisions related to employees have to be taken, for which the government needs additional budget.
Himachal government will again take a loan of two thousand crores
By Yogesh BhardwajUpdated:2 Mins Read